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P2P lending can be somewhat risky, but there's potential for a pretty good return on your investment. In case youre interested you should take the opportunity to educate yourself and make sure that you understand all the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in real estate without all of the headaches that typically go along with owning property. You dont have any of the job, you simply invest and take on some of the risk.
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This is a really popular investment since so many men and women want to invest in property but dont have enough time or want to become a landlord. Also, in many cases you can get started with a rather modest investment.
REITs (Real Estate Investment Trust) provide another way to invest in real estate without the hassle of being a landlord. The REIT owns income-producing real estate such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in real estate on a tiny scale, and also to earn a share of the income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and a few are not. REITs may also be in the kind of mutual funds or ETFs.
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If youre looking for an easy way to get started with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate would be your good old fashion rental property. You could purchase a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a fantastic source of income, however whether or not it is truly passive will probably depend on a few factors. The more possessions you own and also the further tenants you manage, the longer you will need to put into it. If you want it to be a passive investment that the best option is to hire a property manager. .
Here is a potentially rewarding passive income source which may be completely new to you. You can add authorized users for your credit cards (without really giving them a card or access for your account) and be paid to do it. Individuals that are looking to boost their credit score can get a increase in their score by simply piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds ridiculous and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user which you dont know and trust. However, the process only involves adding the consumer to a account, the card will be sent to your own address and you can sites ruin it.
But, there is still some danger involved. The threat look at here involves the chance of your charge card account being closed by the issuer, because in many cases this will be violating the terms. Its not illegal, but it does violate the terms of the charge card companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but a few people are making excellent money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of details from a guy who's making a few thousand dollars per month with this and its very passive. .
One of my favourite, easy ways to earn money is through credit card bonuses. Many credit cards will provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. As an instance, right now Chase is offering a $150 bonus if you sign up for a Chase Freedom Unlimited card and spend $500 on the card within the first 90 days. If youre like me and you make the majority of your purchases with a credit card, hitting $500 in 3 months is easy. .
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Nowthis isnt something that you can do all the time, however you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of bucks each of the past two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can hurt your ability to Web Site get credit when you need it.